Decentralized finance (DeFi) works similarly to traditional finance in that it offers services like borrowing and lending, in a decentralized manner thereby doing away with the drawbacks of centralized systems while providing higher interest rates. Decentralized finance tools have produced immersive economies that are rapidly being improved as the user…

The first half of the year was amazing for Umbrella Network. Milestones reached from January to June included partnership with Knit Finance, Klever Finance, Kommunitas, Flagship and Autobahn Network,among many others. …

The Future of Umbrella Network Umbrella Network, a decentralized oracle service launched in 2021 is not just a community-owned network, but one providing secured, low cost and scalable solutions for smart contracts. This network is different from other oracle services as it provides over 4000 financial data pairs to blockchain…

A REVIEW OF THE UMBRELLA NETWORK: THE UPDATED RUNWAY SCHEDULE The Umbrella team has declared that they will keep up their efforts to assure the growth and advancement of the Umbrella Network and that they will keep the community updated on their progress even while they are actively looking for…

BLOCKCHAIN ORACLES: BRINGING THE WORLD’S DATA TO BLOCKCHAINS For many of the predicted use cases for Smart Contracts, it has been demonstrated that Oracles are essential. …

WHAT MAKES UMBRELLA NETWORK UNIQUE? Umbrella Network is a decentralized, layer-2, blockchain-agnostic oracle that conveys real-world data to the smart contracts supporting decentralized applications (dApps). From crypto prices that need frequent updates to sports statistics, intricate computations, and more, the Umbrella Network offers it all, cheaper, faster, and more reliably…

With its completely decentralized Layer-2 design and exceptionally cheap prices, Umbrella Network is a blockchain oracle that provides scalable and fast data to a number of decentralized apps, It uses Merkle tree design to process transactions, which enables it to handle thousands of transactions for the price of only one. …

The configurations that connect blockchains to data and systems outside a network, allowing smart contracts to be implemented based on data from the outside world, are known as blockchain oracles. Blockchain oracles are extremely important because they expand the use cases of smart contracts by providing them with external data…

Umbrella Network, the leading decentralized oracle solution that provides remarkably flexible and scalable remedies to blockchain-powered applications without sacrificing safety, reliability, or cost-effectiveness, has formed a strategic alliance with Kommunitas, a popular decentralized launchpad that promotes projects across multiple blockchain networks. ABOUT KOMMUNITAS Kommunitas is a tier-free, decentralized Launchpad. Kommunitas…